I'm looking at daily timeframe. As always after CPI release/today/ BTC price drops and then pumps doing long and short liquidation. I expect it to drop 18.6-19.1K making triple bottom and moving up.
I think this time it will succeed to break horizontal rectangle resistance and hit 24-25K. Before upward continuation, it will test the broadening wedge trendline as...
Rigtt now the SPX is trading inside a Descending Boradening wedge at a Previous Zone of Weekly Congestion and has Bullishly Engulfed the Weekly lows and held above said lows.
So long as we can continue to hold these levels we should eventually see the top of the channel and previous Support/ Resistance level of $420-$425 and (if we are to aim for Full Measured...
A clear descending broadening wedge pattern is playing out. This is a bullish trend (at least on the micro level), with confirmation already triggered through an upward breakout of trend. Now price is at consolidation (recharging) stage with resistance level already broken once. Same trend is going on with BTC.
I took the time to put out a special update this morning because of this! Please pay attention to what our charts are showing. I am not attempting to persuade you to any particular bias or sentiment. I simply want you to be aware of what I am seeing on the charts so that your can trade accordingly. Let's take a peek.
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Welcome to this TOTAL M.CAP update. Total M.cap is used in the reference of BTC and Alts. If Total M.cap pumps whole market starts pumping.
Total M.cap is still defending its crucial support level (Green box). We might see some more downside moves in the market and after that,...
I'm liking the look of this inverse Head & Shoulders forming, as well as approaching the down trend resistance we've been in since November. RSI broke this downtrend a while ago and recently re-tested, so I'd expect to see similar happen on the chart.
We're also in a descneding broadening wedge, recently bouncing off the bottom and looking to head towards...
It appears as though the DJI has found a micro bottom, expect a bounce to the downward sloping resistance of the broadening wedge near term.
I've placed a green finger to highlight the micro bottom of the pattern.
Currently trading under the 200DMA, historically this has been a great time to enter a position. The DJI doesn't stay under the 200DMA very long, over...
wow, hard to believe canopy is getting near my entry point in 2016-2017.
This stock has been a rollercoaster since rec legalization in Canada.
A Potential trading range is highlighted in green. Any price movement that is sustained below or above the green lines is noteworthy.
If WEED doesn't hold the green line of support a gap down to CAD $2.80 is highly...
Price target CAD $4.20 by June 2023.
GTII is trading well below the 200DMA, expect a bounce towards the downward sloping resistance of the descending broadening wedge near term and short or sell your swing trade in that area.
Keep it plain, simple and minimize the noise!
We nailed our last few trades! :)
Sorry for the phone upload, but here we see the bull flag we were watching has turned into a descending broadening wedge (bullish pattern).
If we get our confirmations, my target is around 33-34k.
Also not surprised if we just nuke straight through this, as the market is clearly...
The price is creating a descending channel on the 4 timeframes and now the market is getting the liquidity from the daily demand.
At 0.5 $ the price has a resistance.
How we can approach it?
If the price is going to have a breakout from the descending channel and retest the 4h resistance as new support, According to Plancton's strategy , we can set a nice...
price played inside descending broadening wedge and also respected the support level at 0.70530, for a short term trade we can take the upside movement inside the DBW pattern. please wait until rejection occurs clearly on the lower timeframe for a buy entry. Good luck traders!
**Disclaimer** the content on this analysis is subject to change at any time without...
As you can see on the Daily Line Chart of Tesla (TSLA). The price action has formed a Descending Broadening Megaphone/ Wedge which is a Bullish Pattern. Now in fundamental terms, I think this is impossible at the moment because Tesla already has such a big market cap but in technical terms, this looks like it could happen. Tesla is a company mainly...
ADA/USDT BINANCE D1 - Descending Broadening Wedge (Prospect)
A Descending Broadening Wedge is a bullisch Setup
Here the missong "5" is missing
When a "5" is created and we get a bulilsh break of trend the targets are marked as horizontal rays
Two Trading setups or one with TP1 and TP2 and a good Risk-Reward-Ration could make sense
The AUD has broken out of this wedge after confirming a partial decline and is now confirming the breakout level as new potential support if we can get some follow though we may at the very least see the 88.6 retrace to the upside.